Mine's over 20 years old and doesn't look like that. Indicates persistent moisture and being at the interface of the inlet/outlet and body of the pump the gasket/o-ring isn't doing it's job. Over time that interface will only degrade further. My vote would be to take it apart, surface grind the faces, put a new gasket in with maybe a little sealant and the clock is reset.
Mark B.
Albuquerque, NM